A16z Acquires Office Space In SoHo, NYC For 10-Year Lease
200 Lafayette Street, New York City, New York 10012, United States
Building Size
34,000 SF
Asset Type
Office
Closing
Dec 7, 2021
About this deal
AI
The office property located at 200 Lafayette St in SoHo has been leased in a closed transaction. The lease terms are for 10 years.
Summary of transaction details
- Property Type: Office
- Address: 200 Lafayette St, SoHo
- Market: SoHo
- Landlord: Swiss RE
- Tenant: a16z - Marc Andreessen & Ben Horowitz
- Asking Rent: $95/ft.
- Square Footage: 34,000
The landlord's representatives in the transaction were Carlee Palmer & Barbara Winter from JLL. They represented Swiss RE. On the tenant side, a16z was represented by Adam Henick & Brandon Charnas of Current Real Estate Advisors.
On the Map
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93